What do you think about working at LLC startup?

New
boblef

New

boblef
May 2, 2021 7 Comments

I've been in a process for a DS position at an LLC startup in the bay area. As far as I talked to them, the culture, the environment, the projects I'll be working on, and the team members are great. But my concern is that I heard that they have flexibility to manage people like they can easily fire employees.

It'd be awesome if you answer them for me.
Here are my questions.
1. Has anyone worked at an LLC before?
2. Is there anything should I know before joining the company?
3. Can I expect the avg base salary in the bay area even though it is an LLC?
4. If you think I shound take the job, why not?

Thank you.
#tech
#ds
#datascience

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TOP 7 Comments
  • Answer to 3/: No, they will under pay you. An LLC went ghost on me after they asked my base salary expectation.
    May 2, 2021 2
    • New
      boblef

      New

      boblef
      OP
      Thank you for your comment. In general, how much do they under pay?
      Let's say the avg for base salary is 130k in the area. How much can I expect to get paid?
      May 2, 2021
    • Donnu 🤷‍♂️. I asked $250k base for Bay Area which I don’t think is unreasonable for Senior Applied DS.
      May 2, 2021
  • Dropbox
    timsboss

    Go to company page Dropbox

    timsboss
    There's basically no way to get equity at an llc. There are so many ways, in the event of an "exit" for them to avoid paying you out no matter what scheme they use to promise you something. They can get out of even paying out non voting ownership stakes if a sale is structured right because they are not regulated as securities and it's basically just a labor lawyer issue even if they're 100% in the wrong (and it's not even totally clear whether they are).

    I've seen two different early llc employees promised various things, one via contract the other via stake, and neither got paid out when the companies were bought. Just assume your base is all you're getting.
    May 2, 2021 0
  • New
    augu57

    New

    augu57
    I worked at one go no shares and basic pay
    May 2, 2021 1
    • New
      boblef

      New

      boblef
      OP
      Thank you for you comment but not sure what go is. Could you tell me about it?
      Shouldn't I much concern about working at LLC?
      May 2, 2021
  • Google / Eng
    SorryMyFri

    Go to company page Google Eng

    SorryMyFri
    From the employees perspective, LLC is the same as C-Corp
    May 2, 2021 0